The housing in Philadelphia, MS is a great option for people looking for an affordable home. The median value of houses is lower than the US national median, at $117,700 compared to $338,100. Additionally, homes in Philadelphia have seen a higher appreciation rate over the past year than the national average with 12.50% compared to 8.27%. Therefore, potential homeowners should consider Philadelphia as they search for an ideal place to purchase a new home.
The median home cost in Philadelphia is $117,700. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Philadelphia is up 14.5%.
Average Age of Homes
- The median age of Philadelphia real estate is 46 years old
The Rental Market in Philadelphia
- Renters make up 33.4% of the Philadelphia population
- 2.1% of houses and apartments in Philadelphia, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.